Actuary Career Guide

Actuaries often work for insurance companies or mutual insurance companies. They are responsible for the profitability of the products offered and set prices based on the risks involved (potential losses, probability of claims, etc.) and the company’s commercial strategy.

Data analysts generally work within a company, reporting to the IT department (CIO). They can work in a variety of sectors (e-commerce, finance, healthcare, cosmetics, agri-food, etc.) and help organizations identify market opportunities and develop new services and products.

This professional is therefore required to work in collaboration with other experts such as product managers, financial analysts and marketers.

In addition to companies, data analysts can also work in local authorities, research organizations or consulting firms.

It is also possible to become a ‘consulting actuary’ and work for a consulting firm, or sometimes even as an independent consultant. Actuaries who choose this path provide accounting and risk management advice to support companies and institutions in their needs.

The actuary is responsible for advising a portfolio of clients, such as insurance and reinsurance organisations, banks and distributors.

Finally, actuaries may choose to work in a bank. In this case, they are responsible for designing savings and investment products and managing loans, for example by assessing the probability of borrowers defaulting on their repayments.

Data analysts are often confused with data scientists. However, their roles are completely different, and data analysts can choose to progress to the position of data scientist. Data scientists are responsible for designing algorithms and various automation systems to create predictive analyses based on data.

This is a technical position that requires advanced knowledge of statistics, programming, and artificial intelligence.

Better known as the Chief Data Officer (CDO), this executive supports the company’s digital transformation. They are responsible for data and work with all stakeholders (marketing, communications, engineering teams, etc.) to make the best use of big data and ensure its quality and security.

The business intelligence (BI) consultant designs and implements data reporting and visualisation systems. They work closely with various teams (sales, HR, accounting, etc.) to meet their data analysis needs.

Data engineers are responsible for collecting, storing and managing company data. They work closely with data scientists and data analysts to ensure that data is available and easy to use.

A data analyst can progress to the position of Data Director. The latter is responsible for the company’s data strategy. They work with senior management to define data-related objectives and initiatives.